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Jan 17, 2013
01/13
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FOXNEWS
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this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real lasting consequences, and we didn't even -- we did raise the debt ceiling in the end, but we saw the deficit grow, neil, when there was this threat to -- and so as i said, the coke brothers, the u.s. chamber of commerce, against the debt crisis. >> i always appreciate your coming on. you give as well as you take and i appreciate that. congresswoman jan. >> a warning about the healthcare law. unite health care says its costs are running up. all rise. the judge says your premiums are about to do the exact same thing. so, i guess we shouldn't be surprised. premiums will lik
this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -- you know that those past votes were more symbolic, but when we really had a crisis over the debt ceiling in 2011, there were real consequences. real...
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Jan 15, 2013
01/13
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CNBC
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at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. n
at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well....
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Jan 15, 2013
01/13
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CNBC
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stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two cents. here is an old friend, david walker, founder, president and ceo of the come back america initiative. he knows a lot about this. david, let me ask you this. is boehner wrong to insist that a dollar debt increase should be accompanied by a spending decrease? >> the fact is we need to pay our bills. and i do however think that we have a spending problem. the federal government has gone from being 2% of the economy, 100 years ago. to 24% today. headed to 37% by 2040 absent a change in course. the republicans ought to leverage the sequester and the c.r. not to shut down
stay away from the debt ceiling issue. stay away with government shutdowns. they're political poison and p.r. disaster. instead, on the spending sequester, $1.2 trillion stay with the spending sequester. i believe john boehner should stick with his one to $1 debt increase with a dollar spending cut. and then go to the new budget. paul ryan, where are you? we need more spending cuts, more entitlement reform and even some tax reform especially business tax cuts to spur economic growth. my two...
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Jan 14, 2013
01/13
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CNNW
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but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the republicans. if the government shuts down,
but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax...
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Jan 15, 2013
01/13
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FBC
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at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, i want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid
at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, i want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and...
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Jan 17, 2013
01/13
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resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration, first administration, namely the republican house. he set up the fiscal cliff negotiations deliberately to split the republicans in the house, knowing that if he did, it would neuter the opposition and he would have the kind of dominance of washington, which he had in the first two years before he lost the house in the mid term elections. so, i have no doubt that that's how he used the fiscal cliff. that's how he's going to use the issue of immigration and that's how he's going to approach the debt ceiling and other issues and it's his object
resolutions, the debt ceiling debate. he's in full campaign mode. do you think the president emboldened by reelection and maybe emboldened by a win on the fiscal cliff, do you think he's overreaching on the political consequences and how should republicans deal with it? >> look, i think he clearly felt after the election that he was out to crush the one institution that was stopping his agenda, that it stopped it in the second, in the third and the fourth years of his administration,...
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Jan 14, 2013
01/13
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gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 pointsof the stock market. it did not last, thankfully, but it was scary. it may allow the peopleuneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all they're doing getting in our way causing a lot of banks and warrior necessarily for the american public and investors or a wide. gerri: a broader question. you're a smart guy and you watch all this stuff. one of the things the we're waiting for, listening tour, s&p, moody's, downgrade are dead again, what will happen? we will be the ramifications? how will that hit individual investor portfolios? >> there is a risk that traditionly when they're is a downgrade of a bond rating the value of the bond goes down as well, which means if you own u.s. government securities you're going to suffer a loss of value. t
gerri: you bring a degree point because the first time we had the debt ceiling issue, which is the one now looming in congress, we saved 2,000 pointsof the stock market. it did not last, thankfully, but it was scary. it may allow the peopleuneasy. we will -- will leave be in for the same type of problem if we get right up to that deadline and no agreement? >> yes. yes. and that is why we are all annoyed and hopeful that congress will learn a lesson and not do a test again because all...
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Jan 16, 2013
01/13
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. >> settling a debt ceiling issue is in the interest of the president and of our country. you have today fitch came out and threatened to decrease the credit rating and they are doing it in a way that areckless because you have outside observers looking at us and i want to highlight a point you made earlier which is the fact that all spending bills are in the constitution. we are looking at a credit card bill that this country has to pay that was in cured by congress by authorizing this spending. >> but peter, you are going to get a budget out of that house. they are late, but i believe they will. it is the senate that hasn't delivered a budge it in years. this is not just about the here and now. this is forward spending. forward spending needs a road map and the taxpayers have a right to know. >> yeah, i think it is pretty rich to call republican ares reckless spepder e spenders her. when president obama was asked to vote on a hike in 2006, the fact that we are raising the debt limit is a result of reckless fiscal policies and that is what president obama says. >> but did
. >> settling a debt ceiling issue is in the interest of the president and of our country. you have today fitch came out and threatened to decrease the credit rating and they are doing it in a way that areckless because you have outside observers looking at us and i want to highlight a point you made earlier which is the fact that all spending bills are in the constitution. we are looking at a credit card bill that this country has to pay that was in cured by congress by authorizing this...
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Jan 19, 2013
01/13
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WETA
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. >> the debt ceiling debate continues. >> the real issue here is, we all know, is spending. >> what are the risks of huge dispense cuts? >> operation commitment, and trading will be gutted. we will ground aircraft, return ships to port, and sharply curtail training across the force. >> a bill before the while the state legislature would make a federal legend try to enforce a ban on arms federal -- guilty of a felony. there are similar measures in texas. the governor of mississippi want to make it illegal in the state to makin force any new gun laws. how many times have we had this debate? this time after the massacre in connecticut, the president says it is different. the president has said 23 executive order is aimed at reducing gun violence and is urging congress to reduce -- and it back crunchers' for all gun sales purity is also asking americans to put heat on members of congress to get there. >> ask for a member of congress if they support universal back rent checks to keep guns out of the wrong hands. if they say no, ask them why not. >> the nra response was predictably immedi
. >> the debt ceiling debate continues. >> the real issue here is, we all know, is spending. >> what are the risks of huge dispense cuts? >> operation commitment, and trading will be gutted. we will ground aircraft, return ships to port, and sharply curtail training across the force. >> a bill before the while the state legislature would make a federal legend try to enforce a ban on arms federal -- guilty of a felony. there are similar measures in texas. the...
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Jan 21, 2013
01/13
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CNN
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debt ceiling issue, and also immigration reform. something that the president said would be a top priority. so a lot of different events for the president today. capping it off will be two balls. on official inaugural ball and the commander in chief ball taking place tonight. key folks will be taking part in ceremonies today. in particular, some hispanics playing an important role. chief justice sonja sotomayor, takie ing place on the swearing of the president. the inaugural committee has chosen a cuban american to read an original poem. cuban american civil jeer and author, richard blanco. so hispanics playing an important role on an important day in washington. john. >> a long day of firsts and a long day of celebration. dan lothian at the white house this morning. the crowd expected to turn up at the national mall, not expected to be as large as four years ago, when 1.8 million people crowded into the city. they are still expecting some 800,000 people today. nothing to thumb your nose at. christi paul on the national mall where c
debt ceiling issue, and also immigration reform. something that the president said would be a top priority. so a lot of different events for the president today. capping it off will be two balls. on official inaugural ball and the commander in chief ball taking place tonight. key folks will be taking part in ceremonies today. in particular, some hispanics playing an important role. chief justice sonja sotomayor, takie ing place on the swearing of the president. the inaugural committee has...
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Jan 16, 2013
01/13
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FBC
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issue number one is raising the debt ceiling which allows you to pay the bills we're already voted for. and that was already voted for. maybe they shouldn't have been, but already was voted for. not to raise the debt ceiling would cause the government to default on its debts interest rates would spike and destroy economy. david: i can't allow that to go by congressman, because there is no guaranty we would default as a result of reaching that point. i mean we have enough revenue coming in to pay off our bondholders. >> well, depends what you mean by default. if you paid bondholders at expense of not paying social security checks or salaries of military or salaries of the air traffic controllers the fact is we have 40% difference between the income coming in and the expenditures that were voted. that would be regarded by the financial markets as a default. david: it would require, more cut backs in spending. there is no question it would cause enormous, as you point out quite rightly, 40 cents of every dollar that we spend is borrowed. that is part of the problem. >> that's right. david
issue number one is raising the debt ceiling which allows you to pay the bills we're already voted for. and that was already voted for. maybe they shouldn't have been, but already was voted for. not to raise the debt ceiling would cause the government to default on its debts interest rates would spike and destroy economy. david: i can't allow that to go by congressman, because there is no guaranty we would default as a result of reaching that point. i mean we have enough revenue coming in to...
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Jan 14, 2013
01/13
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plus how investors should handle the noise out of washington on the debt ceiling issue. >>> then the ceo of the company that owns the stock exchange. up next with jeffrey sprecher. he will join me exclusively. >>> also facebook has been red hot lately. tomorrow there's a big announcement. could it disappoint or ignite a bigger rally for the stock? coming up. [ male announcer ] you're not the type of person who sets goals and only hopes to achieve them. so you'll be happy to know that when it comes to your investment goals, northern trust uses award-winning expertise to lead you through an interactive investment process. adding precision to your portfolio construction by directly matching your assets and your risk preferences against your unique life goals. we call it goals driven investing. your life has a sense of purpose. shouldn't your investments? ♪ expertise matters. find it at northern trust. office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. >>> welcome back.
plus how investors should handle the noise out of washington on the debt ceiling issue. >>> then the ceo of the company that owns the stock exchange. up next with jeffrey sprecher. he will join me exclusively. >>> also facebook has been red hot lately. tomorrow there's a big announcement. could it disappoint or ignite a bigger rally for the stock? coming up. [ male announcer ] you're not the type of person who sets goals and only hopes to achieve them. so you'll be happy to...
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Jan 16, 2013
01/13
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CSPAN2
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i think we should, we should extend be not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration, and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying. b and then move on to a serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part and the debt ceiling, in the next six weeks and then move on. those who are saying let's do it dribble by dribble, they're the ones who would be undermining the effort to sit down and have a serious discussion of tax reform in the entitlements. >> we've got about two minutes left. francine. >> specific question about, um, itemized deductions. what's your thought on having a cap on itemized deductions but people can use it for whatever they want? they can use it for mortgage or charitable or whatever. >> i think the problem with a cap is that it has too serious a consequence especially for charitable contribu
i think we should, we should extend be not end the debt ceiling issue. we should just set it aside for a considerable period of time. we should tackle sequestration, and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying. b and then move on to a serious discussion of tax reform. and entitlement issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part and the debt ceiling, in the next six weeks...
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Jan 20, 2013
01/13
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WJLA
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. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are similar measures under considation in nnessee and tetexas. the governor in mississippi wants to make it illegegal in the state to enforce any new federal n laws. how many tis have we had this debate? ththis time after the murders of the children in newtown, conn. the president tells us is different. signed 23 executive orders aimed at reducing gun violence and has urged congress to reinstate a ban on so-called assault weapons, limit the size of the magazines, and mandate criminal background checks for all and sales. he is also o asking americans to put heat on members of congress to get there. >> ask for a member of congress if they sup
. >> the debt ceiling debate continues. >> are not aead beat nation. >> we all know the issue here is spending. >> what are the risks of huge defense cuts? >> operations, maintenance, and trading will be gutted. we will ground the aircraft retuturn chips to court, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal legend a person trying to enforce a ban on farm guilty of a funny. there are...
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161
Jan 20, 2013
01/13
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KRCB
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. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures under consideration in texas and the governor of mississippi says he wants to make it iegal in the state to enforce any new federal gun laws. how many times have we had this debate? this time after the murders of the children in newtown, conn., the president tells us this is different. the president has signed 23 executive orders aimed at reducing gun violence and is urging congress to reinstate a ban on so-called assault weapons, limit the size on magazines, and mandate here are some background checks for all gun sales. he is also asking the public to put heat on members of congress. remembers of congress if they support universal
. >> the debt ceiling debate continues. >> we are not a dead beat nation. >> we all know the issue is spending. >> what are the risks of huge spending cuts? >> operations, maintenance, and ading will be gutted. real ground aircraft, return chips to port, and sharply curtail training across the force. >> a bill before the wyoming state legislature would make a federal agent who tried to enforce a ban on firearms guilty of a felony. there are similar measures...
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Jan 13, 2013
01/13
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CNNW
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that the fiscal cliff would not be the real issue. the debt ceiling would be. you see this as taking us close to the brink, again. could it take us over the brink? >> potentially. keep in mind that we have two other -- in addition to the debt limit. we have, in effect, two other fiscal cliffs approaching. one is the appropriations bills for 2013, which have not yet been finished and we'll have a government shut down unless they have, unless those bills are enacted and the second is the $1.2 trillion sequester, which triggered the fiscal cliff, but was only delayed by two months and that runs out, as well. so, we have the debt limit, the sequester and the appropriations all essentially coming due at more or less the same date. some time next month. my assumption is, i guess everybody else's is, these are somehow whether they're rolled into together into one massive punt the ball down the road bill. >> jeff, if any of this does end up in the supreme court, you know, let's say the administration does some kind of legal maneuver, what's the history of this? when th
that the fiscal cliff would not be the real issue. the debt ceiling would be. you see this as taking us close to the brink, again. could it take us over the brink? >> potentially. keep in mind that we have two other -- in addition to the debt limit. we have, in effect, two other fiscal cliffs approaching. one is the appropriations bills for 2013, which have not yet been finished and we'll have a government shut down unless they have, unless those bills are enacted and the second is the...
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Jan 18, 2013
01/13
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as businesses get more confident because we get through the fiscal cliff and the debt ceiling issue. >> we'll see how we get through it and where the cuts come from. >> go ahead, samir. >> i was going to say it's been really interesting how much of a rotation you've seen in tech especially on the sentiment side. all about the death of the pc and the likes of intel and dell and hp selling off and now it's completely the opposite where a lot of the stocks have had pretty nice runs, whether it's because, you know, they have announced restructurings or buybacks, and now it's kind of the -- maybe not the death of it or whatever, but you've had a very nice pullback. very interesting how quickly you've seen that rotation in technology, and i kind of point people back to the fall as to how quickly things change in a hurry. >> thanks very much. have a great weekend, and we will talk soon. >> thanks. >> appreciate your time tonight. major averages hitting three-week winning streaks with the dow and the s&p 500 touching five-year highs. bob pisani has all the action today. >> the important thin
as businesses get more confident because we get through the fiscal cliff and the debt ceiling issue. >> we'll see how we get through it and where the cuts come from. >> go ahead, samir. >> i was going to say it's been really interesting how much of a rotation you've seen in tech especially on the sentiment side. all about the death of the pc and the likes of intel and dell and hp selling off and now it's completely the opposite where a lot of the stocks have had pretty nice...
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Jan 15, 2013
01/13
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FOXNEWSW
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and not because of self-imposed crisis on a debt ceiling but we will be out of money. that is what the republicans are trying to avert. the president is playing this likebe a demagogue notto pretend we don't have a debt issue. we do. that is hanging above us and what will destroy the credit rating in the end. not a crisis we create and then get around as we have in the past. but a real one of a country that cannot pay its debt anymore. which is where we are headed. >> bret: next up is the u.s. getting involved in a another war on terror in mali? b or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pi
and not because of self-imposed crisis on a debt ceiling but we will be out of money. that is what the republicans are trying to avert. the president is playing this likebe a demagogue notto pretend we don't have a debt issue. we do. that is hanging above us and what will destroy the credit rating in the end. not a crisis we create and then get around as we have in the past. but a real one of a country that cannot pay its debt anymore. which is where we are headed. >> bret: next up is the...
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Jan 14, 2013
01/13
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so, there's a very simple solution to this -- congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'll happily take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, and
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there, the 14th amendment, but just this morning, one of the house democratic leaders, jim clyburn asked you to use the 14th amendment, and even said sometimes that's what it takes. he brought up the emancipation proclamation saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. so are you considering a plan...
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Jan 15, 2013
01/13
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bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pa
bolster the republicans hand when it comes to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight...
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Jan 14, 2013
01/13
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other hot issues, the debt ceiling and immigration we may be hearing about. we want to know what you would ask the president if you're able to ask him a question. you can tweet us at happening now those questions. jon: sounds good. heather touched on it. vice president joe biden presents his plan to curb gun violence to president obama tomorrow. one city is apparently not waiting around for washington act. chicago quickly becoming ground zero in the debate on gun control. that city saw more than 500 murders last year, prompting mayor rahm emanuel to take action with a gun control plan of his own. steve brown is live in chicago right now, but i guess mayor emanuel is not. he is in d.c. today suggesting democratic strategy to try to get gun control accomplished, is that right, steve? >> reporter: in a sense yes, it was part of the discussion at a public revent held in washington that mayor emanuel took part in. local press was made aware of it well in advance. it touches on the city's most dramatic problem which is gun violence in this city. you mentioned over
other hot issues, the debt ceiling and immigration we may be hearing about. we want to know what you would ask the president if you're able to ask him a question. you can tweet us at happening now those questions. jon: sounds good. heather touched on it. vice president joe biden presents his plan to curb gun violence to president obama tomorrow. one city is apparently not waiting around for washington act. chicago quickly becoming ground zero in the debate on gun control. that city saw more...
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Jan 20, 2013
01/13
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WJLA
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we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what president obama had to say out the potentialal battle looming congress. >> markets could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business own whole wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans at we're in a compromising mode than we heard, say, a week ago. right now they're talking about perhaps an increase in the debt ceiling that lasts for a couple of m months, that is offering tt to the presid
we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic data. how big of a hit from the tax increaseses, payroll tax holiday, and what do those numbers which may be a bit on the soft side do to stocks? >> absolutely. that is the question of the day, isn't it, jared. the ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month if we haven't hit it yet. let's take a listen to what...
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Jan 14, 2013
01/13
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CNBC
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been up there, the 14th amendment just this morning one of the house democratic leaders jim clyburn asked you to use the 14th amendment and even said sometimes that's what it takes, he brought up the emancipation proclamation, saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. are you considering a plan "b"? and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this. congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year. and i'm happy to a
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been up there, the 14th amendment just this morning one of the house democratic leaders jim clyburn asked you to use the 14th amendment and even said sometimes that's what it takes, he brought up the emancipation proclamation, saying it took executive action when congress wouldn't act and he compared the debt ceiling to that. are you considering a plan "b"? and...
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Jan 14, 2013
01/13
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MSNBCW
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he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown shootings. those recommendations were expected tomorrow. the vice president is sitting down, alex, with the president for what will be a late lunch after about a 51 minute news conference wrapping up to share those proposals and the president made clear that later this week he will then have a more full presentation on what he plans to pursue going forward. i think he had a pretty candid admission in that news conference as well as it relates to this issue of guns. one of the very hotly contested topics on that is whether or not to reinstate the assault weapons ban. the president
he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown...
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Jan 15, 2013
01/13
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MSNBCW
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that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning that it could, all of this could affect the credit rating for the united states when folks start looking at what's happening on wall street, when they hear this threat of credit issues or credit rating for this country. being downgraded. does that expedite the talks here or get even talks started? >> well, i think the president did a great job politically putting the republicans on the spot. if they are the ones who cause us to not meet our debt obligations, i think they risk, again, political retribution and losing the house in 2014. but on the other hand, the president and
that is are almost simultaneous but talking about the debt ceiling, what? he'll stop participating? given that this is traditionally been a bargaining chip, traditionally been something that the parties negotiate over, i have a hard time he'll be able to maintain a hard line. >> speaker boehner said he would stop participating in talks directly so i mean the threat is out there. real quick, governor, i have to bring you to the markets and this agency, a second agency, fitch, now warning...
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Jan 16, 2013
01/13
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CNNW
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you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in connecticut, aurora, colorado, oregon, enough is enough. and we have to act. we have to do whatever we
you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're...
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Jan 15, 2013
01/13
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CSPAN
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ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan b, and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and so there's a very simple solution to this: congress authorizes us to pay our bills. now, if the house and the senate want to give me the authority so that they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate, had a proposal like that last year, an
ceiling issue. i know you've said you're not negotiating on it. your administration has ruled out the various ideas that have been out there -- the 14th amendment. but just this morning, one of the house democratic leaders, jim clyburn, asked you to use the 14th amendment and even said, sometimes that's what it takes. he brought up the emancipation proclamation as saying it took executive action when congress wouldn't act, and he compared the debt ceiling to that. so are you considering a plan...
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Jan 15, 2013
01/13
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FOXNEWSW
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how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending under control. >> it's a compelling message saying we ned to pay the bills we've racked up. of it messes the whole point again. think of it in terms of a credit card. in you have a son or daughter who exceeds the limit, the first thing you do is rip up the card, the second thing you do is you say you need to change your spending habits. >> reporter: they say we need to a just what bills we are paying and how they are paying. jon: the issue of depending on disaster relief could provide tkraeupl drama there on capitol hill. >> reporter: speaker john boehner promised that the house would take up sa
how are some of the top republicans responding to president obama on this debt ceiling issue? >> reporter: well, jon, republicans are clearly uncomfortable with prominent democrats already talking about a tax increase when you consider the fiscal cliff deal raised taxes and every worker with a payroll tax hiring expiring and raised taxes on upper income americans even further, check your pay stub. a leading republican says responding to the president what's critical is getting spending...
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Jan 18, 2013
01/13
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MSNBC
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ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government going and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtown has changed everything. >> i don't think he's looking for a fight. i thi
ceiling and the full faith and credit of the u.s., overwhelmingly agree with him on issues like taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004 and then said he had a mandate and decided he had a mandate to privatize social security, which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very...
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Jan 15, 2013
01/13
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FBC
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ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the dividend on monday. the company doing well financially, at the same time, dividend payers like a ford, joe, could, again, fall out of investor payer. do you stick by ford if the tax fight continues? >> yes, because beyond the dividend, it's an attractive stock. auto industry as a whole, we think, has still tremendous upside potential since it bottomed out in 2009, it continues to improve. ford, specifically, streamlined down to lincoln and ford models. they have a ways to go yet, but they are really looking to compete head on in the united states with toyota, with the fuel efficient products like fu
ceiling issue so my recommendation with investors is that at this point in time, it's premature to react to those comments, even though they may be troubling to all of us. let's see how it unfolds before you begin making any investment moves based on a potential tax hike. cheryl: well, yeah. talking about more tax revenue coming in, i'm sorry, but ears perk up. let's talk about the specific company that you like on your radar, and there's a couple reasons. first and foremost, they doubled the...
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Jan 17, 2013
01/13
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FOXNEWSW
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it will be about the gun agenda as well as immigration and climate change in the debt ceiling where the gun issue is concerned, we will see rallies and town halls and lots of big gun control type money on tv screens. on the other side of all of this the national rifle association is planning a big ad blitz on its own. first one on the web started in the last day or so. it busts the president for hypocrisy because is he skeptical about the idea of armed guards in schools while his kids go to a private school here in d.c. by the way the house and the hill both know that the president's proposed ban on semiautomatic rifles is din disingenuous that there are not enough votes in the senate. everybody knows it. >> bill: states should control that issue and the feds can put in a law you can't transport them across state lines. that's what they do. all right. rosen now, clarence thomas, supreme court justice, never speaks. he is like the spinks. he never speaks. there he is, not speaking. we have a picture of him not speaking which is not hard to get because he never speaks. but he did break hi
it will be about the gun agenda as well as immigration and climate change in the debt ceiling where the gun issue is concerned, we will see rallies and town halls and lots of big gun control type money on tv screens. on the other side of all of this the national rifle association is planning a big ad blitz on its own. first one on the web started in the last day or so. it busts the president for hypocrisy because is he skeptical about the idea of armed guards in schools while his kids go to a...
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Jan 18, 2013
01/13
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CSPAN2
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i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from the very wealt
i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on....
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Jan 17, 2013
01/13
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FBC
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how would it be impact full on people's portfolios if there is not a debt ceiling bill? >> i think what is going to happen is that i think investors are actually being very pragmatic about how they are addressing the issues in washington. investors are incredibly adaptive creatures. so what you're seeing is investors right now, okay. rather than looking for the big deal, let's clear these turtles. liz: come home like they're missing the rally. >> but they are starting to see levels of engagement. the notion that everyone is on the sidelines is misplaced. plenty of cash, zero people are selectively engaging. we are trying to get people to engage in a thoughtful way in areas where we think the risk/reward clearly favors you. liz: the people feel that 40 percent of significantly better than one year ago. 56 percent get about their financial situation. inching higher. they are not doing much with it to make the money to capitalize. if you were to advise people watching right now about the fear that drenches them at night or is that they will get bank again $ 2009 to march a
how would it be impact full on people's portfolios if there is not a debt ceiling bill? >> i think what is going to happen is that i think investors are actually being very pragmatic about how they are addressing the issues in washington. investors are incredibly adaptive creatures. so what you're seeing is investors right now, okay. rather than looking for the big deal, let's clear these turtles. liz: come home like they're missing the rally. >> but they are starting to see levels...
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Jan 14, 2013
01/13
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KGO
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ceiling issue. your administration has ruled out the various ideas that have been out this. this morning, one of the house democratic leaders asked you to use the 14th amendment. he compared the debt ceiling to that. are you considering a plan "b." and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and, so, there's a very simple solution to this. congress authorizes us. to pay our bills. now, if the house and the senate want to give me the authority so they they don't have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, i'm happy to take it. mitch mcconnell, the republican leader in the senate had a proposal like that last year and i'm happy to accept it. but, if they want to keep this responsibility, then they need to go ahead and get it done. and, you know, there are no magic tricks here, there are no loopholes. there are no -- you know, easy outs. this is a matter of congres
ceiling issue. your administration has ruled out the various ideas that have been out this. this morning, one of the house democratic leaders asked you to use the 14th amendment. he compared the debt ceiling to that. are you considering a plan "b." and if not, why not? >> well, chuck, the issue here is whether or not america pays its bills. we are not a deadbeat nation. and, so, there's a very simple solution to this. congress authorizes us. to pay our bills. now, if the house...
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Jan 18, 2013
01/13
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FBC
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like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries today upgrading the stock saying they believe the e-mail and bbm messenger service will be licensed to the iphone as well as to android phones that is licensing revenues for research in motion which it needs. also getting some apps out there and early traction with enterprise customers signing onto this. that is news lifting it higher today, all around up 98%, almost doubled in the last three months. ashley: so are the gains real? this of course has been a favorite of. >> this is interesting. we're starting to uncover this a little bit. short interest has been tre
like the debt ceiling is weighing on the mind of consumers. that is the latest from the fox business network, giving you the power to prosper ashley: research in motion looking to win big with the release of its new blackberry 10. the smart phone being unveiled later this month. and there is news out today that the tech company's stock is getting an upgrade. shibani joshi has details on the rim buzz. shibani. >> the buzz keeps buzzing on this one, you can't really escape it. jeffries...
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Jan 16, 2013
01/13
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FBC
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of who is what gets paid in a debt ceiling impasse, a shut town of government, would be entirely up to the president of the united states period. if congress does fail to lift the debt ceiling by late february, the treasury department has to cover about 450 billion-dollars. in obligations. about 450 billion. revenue at that point, $2 77 billion. essentially the government will be able to cover about 60% of its bill. 60% of its bills, treasury would make the interest payments on the debt that could is about 40 billion. okay? just for debt, we could sll pay up social security benefits, they account for about 61 billion-dollars. and we could still pay veterans and our military, that would cost $17 billion for the military and for veterans. that is still only $118 billion of that $2 17. $118 billion. i want to ask you. why would anyone not be appalled by a president saying what he just did? implying there would not be adequate money to take care of social security obligations during that period. imply its would not be up to him to make a decision, which would prevent our social security
of who is what gets paid in a debt ceiling impasse, a shut town of government, would be entirely up to the president of the united states period. if congress does fail to lift the debt ceiling by late february, the treasury department has to cover about 450 billion-dollars. in obligations. about 450 billion. revenue at that point, $2 77 billion. essentially the government will be able to cover about 60% of its bill. 60% of its bills, treasury would make the interest payments on the debt that...
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Jan 16, 2013
01/13
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FBC
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now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug it off. they won't get upset. the issue is in the end what happens in the run-up read the political run-up to the waiter with the market reacting as we are going down the wire because they will not default. the u.s. will not default on its debt. adam: you have the billionaire coke bro
now today we talk about the debt ceiling and we talk about its impact, this debate for the people who are watching, and, getting to this craziness we see the market reacting in a way you can't anticipate. what would happen to our 401(k) if congress he said they have to get together, i was thinking two words, "good luck." whether they can't do something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they...